Royal Gold, Inc. (NASDAQ:RGLD) Given Consensus Rating of “Moderate Buy” by Brokerages

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $143.86.

A number of research firms have weighed in on RGLD. BMO Capital Markets increased their target price on Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Scotiabank increased their target price on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group began coverage on Royal Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price on the stock.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $121.98 on Wednesday. The stock’s fifty day moving average is $125.15 and its 200 day moving average is $118.96. Royal Gold has a fifty-two week low of $100.55 and a fifty-two week high of $134.56. The firm has a market capitalization of $8.02 billion, a PE ratio of 35.98, a PEG ratio of 1.02 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.35 and a current ratio of 2.50.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. The company had revenue of $148.90 million for the quarter, compared to analysts’ expectations of $147.02 million. During the same quarter in the previous year, the company posted $0.96 EPS. The business’s quarterly revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts anticipate that Royal Gold will post 4.52 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, July 5th. Royal Gold’s payout ratio is currently 47.20%.

Insiders Place Their Bets

In other news, SVP Daniel Breeze sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total value of $196,095.00. Following the completion of the transaction, the senior vice president now directly owns 14,840 shares in the company, valued at $1,940,033.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RGLD. Capital World Investors grew its holdings in Royal Gold by 0.6% in the fourth quarter. Capital World Investors now owns 8,169,223 shares of the basic materials company’s stock valued at $988,149,000 after purchasing an additional 47,807 shares during the period. Vanguard Group Inc. raised its holdings in shares of Royal Gold by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock valued at $811,861,000 after buying an additional 21,407 shares during the period. Van ECK Associates Corp raised its holdings in shares of Royal Gold by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 4,595,734 shares of the basic materials company’s stock valued at $559,807,000 after buying an additional 292,357 shares during the period. First Eagle Investment Management LLC increased its holdings in Royal Gold by 1.0% during the 4th quarter. First Eagle Investment Management LLC now owns 3,667,169 shares of the basic materials company’s stock worth $443,581,000 after purchasing an additional 37,885 shares during the period. Finally, Northern Trust Corp increased its holdings in Royal Gold by 0.5% during the 3rd quarter. Northern Trust Corp now owns 699,138 shares of the basic materials company’s stock worth $74,339,000 after purchasing an additional 3,541 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.